Huawei will continue supporting digital transformation across MidEast – The Peninsula

Huawei will continue supporting digital transformation across MidEast – The Peninsula

Doha: During an exclusive Middle East roundtable to discuss Huawei’s 2021 annual results from a Middle East business perspective, Karl Song (pictured), VP of Global Communications, Huawei, highlighted how the company has been at the forefront of the ICT industry, reiterated its competitiveness across the world and commitment to supporting the Middle East digital transformation.

Commenting on Huawei’s recently announced annual report, Song said, “Our total revenue in 2021 reached $99.9bn and we generated a net profit of 17.8 billion dollars with a net margin of 17.9 percent. Huawei recorded an increase of 75.9 percent year-on-year in terms of net profit, and overall, we wrapped up the year in a solid financial position.”

Song further reiterated Huawei’s intention to continue investing heavily in R&D to strengthen its innovation in systems engineering and drive fundamental changes in three areas: fundamental theories, architecture, and software.

The company reported steady performance in its ICT infrastructure business while new business segments like digital power, which is of special importance to the Middle East markets and cloud grew rapidly and its ecosystem development efforts have entered the fast lane. “In the Middle East, Huawei continued to play a pivotal role in the development of the region’s ICT industry,